THE stock market broke five straight days of losses on Friday on news that the country’s inflation eased to a more than three-year low last month and that the Federal Reserve (Fed) may reduce rates further.
The benchmark Philippine Stock Exchange index (PSEi) surged by 2.11 percent or 159.05 points to finish at 7,704.60, while the wider All Shares climbed by 1.56 percent or 71.50 points to end at 4,675.60.